Typically, car insurance policies auto-renew at the end of the 12-month term. This means a few weeks before your policy is due to end, you’ll receive an email or letter from your auto insurer telling you that they’ll renew your policy. While it’s easy to let your coverage keep renewing year after year, you may not always be paying the best price and receiving the right coverage. Before you automatically renew your auto insurance in San Antonio, TX, here’s what you should know before renewing car insurance.
Review Your Coverage Needs
Policy renewal time is the perfect occasion to make any necessary updates to your insurance coverage. If you’ve recently gotten married, received a new degree or bought a house, you could be in for some savings on your premiums. It’s imperative to adjust your car insurance coverage amounts to properly protect additional drivers you’re adding to your policy (like a spouse or newly licensed teenager) and increased assets (like a new home or car).
It doesn’t hurt to get quotes from a few different car insurance companies. If the price isn’t an issue for you, it’s always good to shop other companies for features like customer service availability, their claims handling process and their overall reputation. While you compare quotes, remember to compare apples to apples. Make sure you’re getting quotes with coverages and limits that mirror your existing policy so that you know which quote is the better value.
Consider Bundling Policies
Many insurers will offer a sizeable discount if you bundle your different insurance policies with them. For example, your home insurance and auto insurance could be bundled, meaning that you save money and only have one insurer handling your coverage!
Need reliable auto insurance? Contact Jerry R. Carnahan Insurance to learn more about protecting your vehicle in San Antonio, TX. We’re here to help!